April 2022 ~ [amend the Civil Law] two points for attention about the money you want to tell adult children at the age of 18

Two points to pay attention to the money to be conveyed

The adult age in force under the Civil Law amended in April 2022 will be reduced from 20 to 18. This means that senior high school seniors are legally grown up at the age of 18. I saw all the images in the original report about drinking, smoking and the addition of national annuities, as before, starting from the age of 20, and many other contracts can be judged for themselves without parental consent.

If it is a contract of a minor, it will be protected by law.

A contract entered into by a minor (a person with no marriage experience) without the consent of his parents (legal representative) in accordance with the minor's right of cancellation in civil law, the minor himself or his parents (legal representative) may cancel his contract (except where the contract amount is within the scope of pocket money). Canceling the contract will no longer have the obligation to pay for the goods. If you have already paid the money, you can ask for a refund. In addition, the goods need to be returned when they are received, but there is no need to pay royalties even when using or consuming the goods. In this way, minors cannot carry out legal acts such as "contract" alone. In other words, it is protected by law. However, when the adult age is reduced to 18, the contract can be completed alone. In addition, since it is regarded as an adult, the contract cannot be cancelled on the ground of minors. After April 2022, money-related items (some excerpts), mobile phone insurance, life insurance, non-life insurance contracts, rental housing, home purchase, credit card production, loan contracts, etc., can be obtained at the age of 18 without parental consent.

Pay attention to the story of making money!

In addition to the above items, the contract also includes so-called "money-making words" such as information merchants, pyramid schemes, and recently encrypted assets. This story of making money has become a problem regardless of age, especially for young people who cannot say that they are knowledgeable and experienced, and some vicious businesses will be snipers. In addition, the impact of this coronal disaster has also brought unease about the future. Economic self-reliance and early retirement like FIRE have become a topic, and about young people, there are also a certain number of people who have certain hopes and expectations for financial self-reliance and income outside work. Therefore, in fact, different money-making stories can be fully taken into account. Including these aspects, it is necessary to tell the children the following 2 points well before the age of 18. The things you want to convey before the age of 18 (money) when signing a contract, make sure that there is a part of the contract that you can't understand, and if you don't sign the contract right away (or if you don't sign the high-priced thing right away) delicious words won't come from the other party. In particular, it is important to be skeptical about investment topics that guarantee high returns of more than 10% a year, and it is also important to communicate what to do when you are involved in disputes. For example, consult parents, consult the consumer life center and so on. These will protect themselves, too. As the age of adults is reduced to 18, there is more "freedom" at the age of 18. However, don't forget that freedom is accompanied by responsibility. Due to the dispute over money, I hope I will not become a social person because of only a large amount of debt. (writer: CFP,FP technician Yoshihisa Okada, first-class)